EURJPY LONG

Updated
1M
Very Strong momentum breaking through the weekly resistance. Next boundary will be the Monthly Support.

1W
Currently formed a twizzer bottom rejecting the Monthly support level. 3 pin rejections for the last 3 weeks. EMA to the up side.

1D
Bullish engulfing closing above the CTL line and also making its third bounce on the trend line, with a 3 pin formation. EMA crossed to the upside.

4H
Bullish Engulfing taking out 4 previous candles. Also again a 3 pin formation to the upside. EMA crossed to the upside and breaking through CTL.
Note
Stop Loss moved above break even
Trend Analysis

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